Know the cultural differences

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Analysing cultural differences to understand people better will help make your market stronger. Know their values and beliefs as they can be used as a potential opportunity or threat and for creating better marketing strategies. It also helps in knowing the current and future trends, which is a major factor in increasing the sales of our products.

Not having correct information about the culture of the places you are exporting to can affect the success of your business. Cultural awareness helps create successful relationships with foreign partners and customers. Therefore, it can impact communication, decision-making, and customer service.

Studying cultural differences can save you a lot of awkwardness. When venezuela phone number list selling your goods in different countries, try to make the most of seasonality. For instance, what are their seasonal events and peak sales periods? Know about their national holidays, festivals or days, such as Carnival in Germany or Black Friday in the US. On these occasions, you can earn even more than during the busy Christmas season.

10. Relative profitability
Setting the right price for your product in a country is a crucial aspect that determines your profitability. The price needs to be fair and competitive. The other factors determining the profitability are the volume of sales and the incidental expenses.

Thus, when selling your products in a particular country, you should always research how much price the customers are willing to pay, how much the competitors are already charging for those products, and their demand.